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Singtel buys $30 mn worth shares | Bharti Airtel

About Airtel:

We are one of world’s leading providers of telecommunication services with presence in all the 22 licensed jurisdictions (also known as Telecom Circles) in India, and operations in Srilanka, Bangladesh and in Africa. We served an aggregate of 194.8 million customers as of September 30, 2010; of whom 187.7 million subscribe to our GSM services and 3.2 million use our Telemedia Services either for voice and/or broadband access delivered through DSL. We are the largest wireless service provider in India, based on the number of customers as of September 30, 2010. We offer an integrated suite of telecom solutions to our enterprise customers, in addition to providing long distance connectivity both nationally and internationally. We also offer DTH and IPTV Services. All these services are rendered under a unified brand "airtel".

The company also deploys, owns and manages passive infrastructure pertaining to telecom operations under its subsidiary bharti Infratel Limited. bharti Infratel owns 42% of Indus Towers Limited. bharti Infratel and Indus Towers are the two top providers of passive infrastructure services in India.

Singlet buys Airtel Shares:

Singapore Telecommunications said on Tuesday it has paid S$39 million ($30 million) for 4.07 million shares in Bharti Airtel Ltd, pushing up its stake in the Indian firm to 32.15 per cent from 32.04 per cent previously.

Singtel stock closed up 0.66 per cent on Tuesday at S$3.07.

($1 = 1.298 Singapore Dollars)

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